Are the Democrats any good at politics? Jonathan Chait calls their fetal decision not to hold a vote on tax cuts a sellout. That's about the size of it.
Here's the really crazy thing. Moderate Democrats worry that passing a tax cut for income under $250,000 would be portrayed as a tax hike, because it allows rates to rise on income over $250,000. As I've noted several times, that could be solved by holding a separate vote. But the moderate Democrats' solution is not to hold a vote on any tax cuts. In other words, they're worried that failing to vote on a tax cut for the rich will be portrayed as a tax hike on the middle class. Answer: decide not to vote on a tax hike for the middle class either.If this winds up with a total stalemate and no extension of tax cuts for anybody, it's a huge policy win. At the same time it's sheer political suicide. Just one of the nuttiest decisions, on pure political grounds, I've ever seen.
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